Publication

The move towards a banking union is an opportunity for eurozone leaders to show the world that they are drawing lessons from the crisis and can streamline their supervisory structures. It is also an opportunity for eurozone-based banks to facilitate their communication and reporting to supervisory authorities. For this to be the case, the implications of the decision of 27 June will have to be taken to their full significance. This applies both to the regulatory changes it necessitates, and to changes to the current supervisory structure and the role of European Banking Authority (EBA).